Drivers Warned of £401 Annual Fuel Increase at Supermarket Petrol Stations
- Motorists could face a 7p per litre rise in fuel duty in the October Budget.
- Prices at Tesco, Asda, Morrisons, and Sainsbury’s may see the sharpest increase.
- High-mileage drivers could end up paying £401 more per year for fuel.
Drivers filling up at Tesco, Asda, Morrisons, or Sainsbury's petrol stations are being urged to prepare for a potential increase in fuel costs as the October Budget approaches. With Prime Minister Sir Keir Starmer warning of a "painful" budget, experts are predicting that fuel duty could rise, causing petrol and diesel prices to jump.
Akansha Nath, General Manager at Intuit Credit Karma, warned that any rise in fuel duty could add strain to motorists' budgets, particularly given the ongoing cost-of-living crisis and the expansion of road policies like ULEZ.
Fuel duty, currently set at 52.9p per litre, was reduced by 5p in 2022, but analysts are expecting an increase of up to 7p per litre in the upcoming Budget. This could push supermarket petrol prices, currently averaging 131.9p per litre, up to 138.9p per litre.
For high-mileage drivers, this could mean an additional £3.85 per tank, adding up to £401 more in annual fuel expenses.
It's not explained why the supermarkets would see the biggest increase in prices for fuel? As they charge a little bit more wouldn't the prices at BP, Esso and Shell go up as much if not a little bit more? Luckily I'm a low mileage driver so won't have a huge effect on me.
We are being ripped off left right and centre in the UK. No other country comes anywhere near this. We have a government that is too much like the Tories now all out for the rich and bugger the rest. Tax us beyond the hilt too.